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Viewpoint: We Need to Talk About Credit
In the past five years, we have seen a lot of change in how credit markets are developing, not least because of the rapid growth in digital credit associated with mobile financial services. But how much do we actually know about digital credit? And how does it relate to other types of credit in the markets we care about? How is this new availability of credit contributing to the ability of low-income people to seize opportunities and manage risks?
- Categories
- Finance
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Safaricom CEO to Leave as Row Erupts Over Successor: Sources
Bob Collymore has helped to build Safaricom into East Africa’s most profitable company, thanks to the popular mobile money transfer service M-Pesa and a growing customer base.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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How China Is Looking Beyond Borders
The “Belt and Road Initiative” was announced by the Chinese government in 2013 as a global trade strategy based on the ancient Silk Road trading route.
- Categories
- Finance
- Region
- Asia Pacific
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BRAC Microfinance Transforms Into Tier 2 Bank
“We have refurbished 32 of our 163 branches and outlets in 84 districts of Uganda. Upgraded all our software and hardware to meet the required Bank of Uganda standards for Tier 2 institutions,” said Adiga during the Bank’s official launch at Kampala Serena Hotel.
- Categories
- Finance
- Region
- South Asia
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First Skirmishes in Brazilian Fintech War
According to a recent report by McKinsey & Company, there are now around 400 fintechs operating in Brazil which are growing at a compound annual growth rate of 96%.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- fintech
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China Tries to Calm Jitters About the “Belt and Road” Initiative
China insists that its tens of billions of dollars in loans and investments are fostering global prosperity—a message that it is sure to repeat to foreign leaders attending the second Belt and Road Forum, which takes place from April 25th to 27th in Beijing.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Remittances, The Flywheel Of The Global Economy
In a world roiled by populist sentiments and anti-immigrant tendencies, the world’s well-trodden migration corridors, which follow remittance corridors one to one, are under strain.
- Categories
- Finance
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Speculating on the Future of Financial Inclusion: Predictions, Solutions (and Warnings) for the Next 20 Years
We live in extraordinary times: In the next 20 years, futuristic technologies like drones, driverless cars, virtual reality and robotics will transform communities and entire industries. Meanwhile, says MSC founder Graham Wright, breakthroughs in areas like artificial intelligence, big data and mobile connectivity will have a similar impact on financial inclusion. Wright makes some bold predictions, and highlights the trends and technologies that are likely to play important roles in the sector’s development.
- Categories
- Finance, Technology